8 of the Most Trustworthy Tribal Lenders. No Credit Check + Guaranteed Approval
Mobiloans

The Tunica Biloxi Tribe, a federally recognized American Indian tribe in Louisiana is the proprietor of the tribe. It conducts its business online out of its office on the reservation of the tribe.

Mobiloans advertises its loan to people who have an urgent need for cash. If you're a prospective borrower it is important to be aware that Mobiloans is a tribe-owned lender that doesn't operate under law List of Tribal Payday Lenders; tribal-loans-85.myloanforyou.site, the state.

Loans by Mobiloans are very similar to cash advances made by credit cards even though they have higher interest rates that closely like the traditional payday loan. Mobiloans charges its customers an Annual Percentage Rate (APR) that ranges from 206.14 percent to 442.31%.

A comprehensive review of Mobiloans can be found here.
Bright Lending

Bright Lending is also known as Aaniiih Nakada Finance. It's a lending firm located in Hays (Mont.). The tribal lender status implies that the ownership of the company falls within the authority of an American Indian tribe. The Fort Belknap Indian Community of Montana is the Indian tribe in this case.

Bright Lending has a record rate of 725% interest for customers who are new. Therefore, if you want to join for automatic payments the company will reduce the interest rate down to 700 percent! But the amount you receive is still more than 309% than the average payday loan.

Bright Lending, active for the last five years, offers payday loans for short-term with high interest rates . They cost twice as much as traditional payday loans. They are nearly twice as costly than traditional payday loans. Federal Reserve Bank of St. Louis The average the average rate of interest for payday loans at 391%..

View a complete review of Bright Lending at
Spotloan

Spotloan is an online-based alternative to tribal loans that is a better option than the average payday loan that operates slightly similarly to Better Day Loans. Spotloan is able to provide short-term high-interest loans to qualified applicants. Spotloan is different from other payday lenders. They offer borrowers the flexibility to repay their loans in a series of installments.

Spotloan’s maximum annual percentage rates (APRs) are 490%. Spotloan's maximum annual percentage rate (APR) is 490 percent. For example, you can borrow $600 and pay $775 weekly in finance costs. This means that you'll be paying $1,375 to repay the loan of $600. If you pay all your payments on-time it means that you pay $1,375.

Spotloan is trying to make itself a better alternative to payday lending. The loan repayments at Spotloan are much easier than conventional payday loans. This means they can't really be distinct from loans.

Get a complete review of Spotloan here.
Plain Green Loans

Currently, the company operates entirely online and offers small personal loans to its customers. These are repaid in installments. Plain Green Loans loans are comparable to payday loans when they are compared to the amount of loan and extremely high interest rates.

Read the full review of Plain Green Loans here
American Web Loans

American Web Loans (or American Web Loans) is an online lender that is owned entirely by the Otoe-Missouria Tribe of Indians. Its legal status as an American Indian sovereign state means that it's not bound by state laws.

The Indian tribe is believed to have been residing in the Missouri River Valley since at least 1600. This business, however has been operational for only 10 years.

American Web Loans offers an APR of between 400 and 600%.. That is a means that if you take out $800 and make payments over 28 of $126.42 the loan will cost you $3,539.

Get a full review of American Web Loans.
Big Picture Loans

Big Picture Loans offers payday loans to tribal borrowers. The company has been fully functional for an impressive eight years.

Big Picture Loans advertises on their website that they will accept up 94% of external loans applications and begin the process of disbursement for all loans approved shortly as the next business day.

Big Picture Loans is owned by the Lake Superior Chippewa Indians Tribe. It operates mainly out of Watersmeet in Michigan which is the reservation of the tribe.

Big Picture Loans offers loans from $200 to $3,500 at APRs that range from 350% to 699% with durations of 4-18 months. For $900, you'll be paying more than $5,000 with an APR of 389%..

Check out the complete review of Big Picture Loans.
Better Day Loans

Better Day Loans promotes itself as an alternative payday loan. Better Day Loans' personal loans can have an APR which is two times more than conventional payday loans. The cost of a $500 loan at 780% interest and 24 monthly installments totaling $162 will be approximately $3,900.

Check out a comprehensive review of Better Day Loans HERE
Majestic Lake Financial

Majestic Lake Financial is described as a lending institution for tribal communities that provides personal loans online. When you look through the website's "Who We Are" section, you'll notice that they offer loans to those who aren't creditworthy and who are in require of a flexible plan. Majestic Lake Financial has yet to disclose the date it was officially opened to business. However, Majestic Lake Financial claims that they were incorporated in 2013, as per the Better Business Bureau.

Majestic Lake says on its website that they are no longer offering new loans. It seems that they've changed their branding and are now operating under the Uprova name. BBB provides additional details on the review sections. They state that Majestic Lake Financial has close business ties with Silver Cloud Financial, Mountain Summit Financial, as well as Golden Valley Lending. You should investigate lenders to see whether they're operating under multiple names, or partnering with lenders from other sources.

Majestic Lake provided loans from $300 to $1000. The APRs of Majestic Lake are not made public by the company.

Take a look at Majestic Lake Financial's full review here.
Should You Take Out A Tribal loan?

Do not apply for any kind of payday loan in case you are unsure. If you are unable to resist the possibility of taking out the payday loan of any type, make sure to read the terms thoroughly and know your rights.

If you are forced to choose, traditional payday loans are more secure than a tribal payday loan because the borrowers are not protected from tribal lenders.

Make sure you take out the smallest payday loan you can and have a repayment strategy that is in place.
Are Tribal Loan Illegal?

Tribal loans have legal ambiguities. Numerous states have clamped the payday lending market, either with statutes that regulate the loan amounts as well as fees and interest. Some states have prohibited payday lenders. According to the National Conference of State Legislatures, 37 states have recently passed law governing payday loans .

However, tribal lenders assert that tribal lenders are not subject from state laws since they are managed and owned exclusively by tribal governments. Check with your state for guidance regarding tribal lending.
FAQ
Can Tribal Lenders Garnish Wages?

If you do not pay back your loan, the credit collector or the payday lender could try to take you to court and force you to pay. If the judge rules in their favor , or they do not contest the claims and the court is able to issue a judgment or order against you. That means the collector or lender can garnish your wages. This can also occur if your bank, credit union or other institution receives a garnishment notice.
Each state has its own procedure for garnishing wages and bank garnishment. In some cases, benefits or payments can be exempted under federal law.
Be aware that certain tribal loan lenders may threaten garnishment to coerce customers into making payments, despite any official legal authority to use this method. Research your legal options in the event that this happens. The lenders are required to adhere to the Federal Trade Commission (FTC), and Consumer Finance Protection Bureau.
Can a Tribal Payday Loan Company Sue you?

Simply simply put, a payday loaner will sue you if your debt defaults. They can't claim against you for late payments or if you are late or if your loan agreement is violated.
Payday lenders are not going to send you to a criminal court. Instead, they'll only take you to civil court. Payday loan defaulters can't be sentenced to prison.
Lenders are more open to personal talks than they are to settle an issue in court.
Are Tribal Loans Garantied?

While there cannot be any guarantee that a loan will be approved the tribal loan is easy to obtain. There are certain minimum requirements.
You'll have to show the driver's permit or other government identification, confirm your employment status and have an active bank account. Also, you must provide your income for the month.
Do Tribal Lenders Report to Credit Bureaus?

In general tribal lenders won't report credit bureaus.
Can Tribal loans be used as credit?

A lot of tribal lenders won't even check your credit.
How many tribal loans could be at hand at any one time?

The idea is that only one tribal loan may be approved at any given time by tribal lenders. The borrower may be able to negotiate to extend the loan, or roll the loan they have already taken into a brand new loan. It is possible to find another tribal lender that will give loans. This is not advised.